RBZ Jewellers Limited — Others, 28-03-2025: Action(s) initiated or orders passed

RBZ Jewellers Limited has received an Assessment Order from the Income Tax Department concerning the financial year 2022-23, raising a demand of ₹25.28 crore due to proposed disallowances related to the issuance of bonus shares, categorized as unexplained income. The company asserts that the claim is untenable, as they believe the assessing officer's additions are incorrect and are preparing to appeal against the order. Consequently, RBZ Jewellers anticipates no financial or operational impact from this assessment. Investors may view this as a positive outlook, given the company's confidence in its position.